RE:Chart for the weekend crowd BayStreetWolfTO wrote: 2022 action plan
1. Debt first to $1.2b (April rough calc)
2. Commence buybacks 25% FCF
3. Debt to $800m
4. Dividends 2023 perfect timing.
This is a great chart. While many below 1.9 are perplexing....Baytex certainly looks to be in a sweet spot.
Can't wait for updated financials so the market can assess the new data and progress.
Exciting times ahead for many of these names
Just a question of how much more I can grab with dividends at these discounted prices.
the other thing that continues to gnaw at me is we, well most of us, are investors. What do you want to do? Sell high, buy low. I continue to think that the right play is to sell the Eagle Ford. An American chart isn't going to show American oil companies as far off the target multiple as the Canadian companies are. Sell Eagle Ford for a decent premium in US dollars, buy the production back in Canadian dollars picking off one of the companies on the lower end of this spectrum. I also think as the world increasingly, and foolishly, pivots to EVs, that demand for heavier crude will decrease slower because it has many uses. Buy one of the private companies in the Clearwater or take out an hwx or tve.